Hedge funds are dumping Deutsche Bank
|09/30/2016||Posted by BusinessMediaguide.Com under General World News||
Hedge funds are starting to pull business from Deutsche Bank, amid mounting concerns about the struggling German lender.
Bloomberg News reported last night that about 10 hedge funds have moved to limit exposure to the bank and have withdrawn funds, fearing that the bank could collapse under the weight of a proposed $14 billion fine from the US Department of Justice.
The hedge funds include $34 billion Millennium Partners, $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management, according to Bloomberg. These funds clear transactions through Deustche Bank — basically relying on it to act as a read more >>>